EGCO says paid USD 215m for 20% in Indonesian geothermal firm

Thai power producer Electricity Generating Pcl (BKK:EGCO) said on Monday it had invested about USD 215 million (EUR 173m) to acquire a 20% interest in the owner of a 227-MW geothermal plant in Indonesia.

More specifically, the company had bought an indirect minority interest in Star Energy Geothermal Pte Ltd (SEG) from Star Energy Group Holdings Pte Ltd. The transfer of shares was finalised on July 30, 2014, EGCO noted.